Uruguay Analysis

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Risk Summary - Uruguay - AUG 2014

The ruling coalition Frente Amplio and the main opposition National Party of Uruguay have decided on their presidential candidates for the general election scheduled for October 26. The decision follows the results and subsequent discussions of the first primary elections in June. The ruling coalition has voted ex-president Tabaré Vázquez as its presidential candidate, with Ra&uac...

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Risk Summary - Uruguay - JULY 2014

In a presentation to the World Bank, Uruguayan President José Mujica praised Brazil's trade with his country through the Mercosur trade bloc. Mujica also noted that Uruguay is experiencing infrastructure and qualified labour challenges, saying, 'we have many infrastructure problems, and we are running from behind and a giant effort is needed'. Nevertheless, he promised that the...

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Risk Summary - Uruguay - JUNE 2014

While a recent survey conducted by pollster Cifra showed that 64% of Uruguayans are against legalising the production and sale of marijuana, a significant percentage of the country's citizens believe it is better to implement a new bill from President José Mujica, which aims to fight drug trafficking through legalising, regulating and taxing marijuana, to see if it will improve the...

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Risk Summary - Uruguay - MAY 2014

The Uruguayan government has announced it will accept some prisoners held at the US military detention centre Guantanamo Bay, according to President José Mujica, who said, 'They are...

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Macroeconomic Forecasts - Uruguay - MAY 2014

We believe that lacklustre investment, coupled with sluggish demand from key export partners, will weigh on growth in Uruguay in 2014. Furthermore, although we expect inflation to fall from current...

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Macroeconomic Forecasts - Uruguay - APR 2014

Pressures on consumer price growth have begun to tick up, due in part to the recent depreciation of the Uruguayan peso. As a result, headline consumer price inflation reached 9.1% year-on-year in...

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